BMO Capital Markets Issues Positive Forecast for Quebecor (TSE:QBR.B) Stock Price

Quebecor (TSE:QBR.B) had its price objective raised by stock analysts at BMO Capital Markets from C$63.00 to C$67.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 3.65% from the company’s previous close.

Several other analysts also recently commented on QBR.B. Royal Bank Of Canada raised their target price on shares of Quebecor from C$57.00 to C$60.00 and gave the stock a “sector perform” rating in a report on Thursday, April 9th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Quebecor from C$61.00 to C$66.00 in a report on Tuesday, April 7th. TD lifted their price objective on shares of Quebecor from C$63.00 to C$69.00 and gave the company a “buy” rating in a report on Friday. Scotia lifted their price objective on shares of Quebecor from C$54.50 to C$58.00 and gave the company a “sector perform” rating in a report on Friday. Finally, Scotiabank lifted their price objective on shares of Quebecor from C$51.25 to C$54.50 and gave the company a “sector perform” rating in a report on Friday, February 27th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$63.71.

Quebecor Stock Up 4.1%

QBR.B stock traded up C$2.57 during mid-day trading on Friday, hitting C$64.64. 495,269 shares of the company were exchanged, compared to its average volume of 954,894. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. The firm has a market cap of C$14.60 billion, a P/E ratio of 18.21, a P/E/G ratio of 1.43 and a beta of 0.75. The firm’s 50 day simple moving average is C$57.66 and its 200 day simple moving average is C$53.28. Quebecor has a 1-year low of C$36.68 and a 1-year high of C$64.93.

Quebecor (TSE:QBR.B) last announced its earnings results on Thursday, May 14th. The company reported C$0.97 EPS for the quarter. The firm had revenue of C$1.40 billion for the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%.

Quebecor Company Profile

Quebecor primarily provides mobile and fixed-line telecom services in Quebec where it is the leading telecom provider. With more than 1.8 million internet subscribers Quebecor provides internet service to more than 60% of the homes its network passes. It also has about 1.6 million mobile subscribers representing more than 20% wireless market share in Quebec. In addition to the quadruple-play services Quebecor offers a French-language subscription video on demand service and has a media segment that owns and operates television stations publishes newspapers and magazines and produces and distributes films and television shows.